Moldovan state to grant MDL 8.4 million more for 44 investment projects in Program PARE 1+1

Chisinau, 31 July /MOLDPRES/ – The Supervisory Committee of the Program for attracting remittances to economy PARE 1+1 approved the financing of 44 investment projects in 21 districts of Moldova for a total amount of over MDL 8.42 million.

The Economy and Infrastructure Ministry’s communication and public relations department has informed that the means provided by the state will attract in the economy MDL 24,34 million. The estimates suggest that those 44 businesses are expected to open 131 new jobs, out of which 52 for women.

Most migrants or their relatives requested funding for business development or the start-up of new businesses in agriculture, in particular grain and vines cultivation, protected vegetable and animal husbandry, beekeeping, but also innovative areas such as, farm breeding of racing dogs, ostriches mink and chinchilla farms. Ten enterprises that have received non-reimbursable funding are active in the field of service provision and the other 4 – in manufacturing.

The data of ODIMM indicate that the 44 applicants invested in remittances from work done in 15 countries: Italy – 13, Russia – 12, Germany – 3, US – 3, Spain – 2, UK – 2 and by one applicant in Australia, Israel, France, Malta, New Zealand, Romania, Portugal, Sweden and Thailand.

The PARE 1+1 program was launched in 2010 and has aimed to mobilize the human and financial resources of Moldovan emigrant workers in the sustainable economic development of Moldova. The program operates on the basis of the 1+1 rule so that each leu invested in remittances will be supplemented with a leu in the form of a grant under the Program. The grants’ beneficiaries can be migrant workers, Moldovan citizens and beneficiaries of remittances, first degree relatives. The ODIMM’s data indicate that from the launch until 01 June 2017, through that program, there were granted MDL 170 million and the total amount of investments exceeded MDL 560 million. Totally, there were created 1,600 new jobs, including for 500 women and 450 young people.

(Reporter V. Bercu, editor M. Jantovan)